ncktyu1234

ncktyu1234 Updated 

These are the levels I'm looking at for bitcoin to test. Daily down trend broken. Looking for a retest of the break out level and a pull back off 20.7 and 21.2

ncktyu1234

In the short term, bitcoin looks a little over extended. 45600 is the decision point for bitcoin but we could still see a wick up to 46200. If we close a 4 hour above this I'm assuming we are going to see the next test of the upper range at 49300 and and 51847. If we break bullish out of this symmetrical triangle we will likely see another test of the upper 15...

ncktyu1234

Although a long looks smart to me, we are not out of the woods yet. Longs that are still open from down at 54000 should keep their longs open unless we break below 55800. For people looking for a long, we could potentially get long entry back down at 57255 before a move up. This also depends on when we can get there. I'm looking for a short scalp at 65700 but in...

ncktyu1234 Updated 

We hit a level of support at 58400. We are going to attempt an Accumulation cycle. If we can break the sharp downtrend we can confirm the 1 of a 1,3,5,7 cycle. We must hold above 56800 or else we will see 55209. Short target is 62200.

ncktyu1234 Updated 

Figured I would share my chart setup for the rest of the week for Bitcoin. A hold level at 53707 has held up the entirety of the move from 53397 up to 69145. The next logical entry would be at 55250 because it's the only untested level here but could deep dive to knife catch 54600 . I will open up a passive long position at 55250. My short entry would be...

ncktyu1234 Updated 

I don't take chart patterns very seriously because there's a deeper science as to why these patterns play out in the chart. But from a technical head and shoulders standpoint, the target out of this would be down at the 1 hour front side level. This is not a short signal. Just reminder to be cautious holding a long. Potential knife catch could be around 55350 for...

ncktyu1234

We are still holding the level at 56880. Unsure on how much longer this will hold. We have laddered off of the monthly level at 58586 down to 58199 and to 58131. I would be cautious holding a long above a trend that has already had several touch points and a 1000 dollar wick below. I would take a scalp at 54900 and see if it holds (timing is very important in...

ncktyu1234 Updated 

I've found these significant moving average ranges that is indicating a move to the downside. 4hour reverse was at 47844 with and the price is currently laddering down. If we do move up we could see a knife catch at the 58800 level.

ncktyu1234

We are far extended above the bottom ascending trendline meaning if we come down for a retest, even if we hold it, we will likely fall through it and then regain the level. I have opened a long position at the level three times before and will scalp the next level at trend.

ncktyu1234

Downwards moving average. I've been charting for a while and this is one of the parallel moving averages I've found.